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Global Whey Protein Market Size, Share, Trends, Covid-19 Impact & Growth Forecast Report - Segmented By Type (Isolates, Concentrates, Hydro Lysate), Application (Nutritional, Personal Care, Feed, Food), And Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2024 To 2029

Published: March, 2023
ID: 505
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Whey Protein Market Size (2024 to 2029)

As per our analysis report, the global whey protein market is expected to reach USD 12.77 billion by 2029 from USD 8.65 billion in 2024, growing at a compound annual growth rate (CAGR) of 8.10% during the forecast timeline.

Developing mindfulness about the advantages, for example, improvement in body quality, nearness of enhancing supplements and proteins, avoidance against hypersensitive conditions in newborn children, switch weight reduction in individuals with HIV, and cancer prevention agents safeguard is foreseen to drive the market over the estimated time frame. Expanding utilization of protein plans among newborn children is another factor anticipated to drive the Whey protein market over the forecast period. The quick development of the food business inferable from the developing populace, expanding buying force, and well-being mindfulness in the nations, for example, India, China, Indonesia, and Brazil, is required to fuel the market development over the next few years.

Expanding extra cash of ranchers, one of the significant clients of animal feed is driving the interest in animal protein. For example, an organization named DSM serves creature feed with imaginative and manageable arrangements. Items that the organization serves are carotenoids, eubiotics, nutrients: OVN, ROVIMIX remain, and natural grass-took care of whey green powder.

Expanding applications in the individual consideration industry is relied upon to be a critical factor in boosting the development of the worldwide market. Items, for example, face care rest patches, eye cover gel, against wrinkle whey protein patches, hostile to maturing facial veil, whey protein brow veil, and hair fall and hair development cleanser by Katelyn are remembered for the individual consideration application portion of this market.

Nations, for example, the U.S., U.K., Germany, India, and China, have seen an expansion sought after attributable to the rising prevalence of sports and wellness exercises among twenty to thirty-year-olds. Points of interest, for example, malignant growth battling capacity, diet backing, and stress decrease, are filling the development of the market. Whey protein items are increasing, expanding acknowledgment among wellness lovers attributable to a developing requirement for expanded physical quality and eagerness to guarantee legitimate food consumption.

Attributable to the multi-functionalities related to whey protein concentrates, for example, effectively edible, productive preparing, and financial applications have been barely any central point in increasing the market development in the nation. In addition, with the expanded utilization of sports sustenance among Indian youth, the interest in WPCs has risen, credited to its full application in the section. Also, whey protein offers a savvy choice to detail caramels with brilliant processability and excellent eating quality, expanding the allure of the ingredients.

Younger people in India are progressively picking up enthusiasm for sports and wellness exercises, which, like this, is blasting the interest in sports sustenance. Further, sports drinks with joined whey protein have been picking up force as of late. The idea of sports drinks is generally new to Indian customers. Yet, with the steady increment in its mindfulness and accessibility, the games and drinks industry has seen a high development rate, as far as both worth and volume, in the ongoing past.

Global Whey Protein Market Drivers:

Factors like expanding interest in dairy items are foreseen to strengthen the development of the worldwide whey protein market during the outlook period. Further, rising interest in pediatric foods and expanding mindfulness about well-being among the populace is imagined to reinforce the development of the worldwide whey protein market in the up and coming years.

Apart from this, an ascent in the notoriety of protein usage is foreseen to be the dynamic factor behind the development of the whey protein market over the prediction period. Furthermore, vitality-boosting items and rising discretionary cash flow are required to enhance the growth of the worldwide whey protein market during the estimated time.

Global Whey Protein Market Restraints:

Outrageous creation cost, well-being, security impacts, administering concerns, and accreditations are a portion of the critical components that are required to restrain the development of the global whey protein market in forthcoming years.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

8.10%

Segments Covered

By Type, Application, And Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Hilmar Cheese Company, Maple Island Inc, Glanbia, Saputo Inc, Davisco Foods International Inc, Alpavit, Fonterra Cooperative Group Ltd, Milk SpecialityGlobals, Wheyco Gmbh, Milkaut SA

 

This research report on the global whey protein market has been segmented and sub-segmented based on type, application, and region.

Global Whey Protein Market – By Type:

  • Isolates
  • Concentrates
  • Hydro lysate

In 2018, concentrates drove the global whey protein market with an income of USD 3.4 billion. They comprise a low degree of fat, cholesterol, and lactose. Also, they contain vital segments that are wealthy in proteins and beneficial properties, having the best potential when utilized in processed foods. For example, Ora Organic gives an assortment of whey protein amasses as powder. This veggie-lover protein powder is accessible in different flavors, for example, chocolate, vanilla, and vanilla chai.

Global Whey Protein Market – By Application:

  • Nutritional
  • Personal Care
  • Food
  • Feed

The food business drove the market and created an income of USD 3.4 billion in 2018. This fragment has been picking up footing inferable from the developing attention to the dietary advantages among the populace. Interest in substantial food items is becoming inferable from expanding well-being cognizant purchasers, for example, grown-ups and seniors, newborn children and babies, and middle-class wellness devotees. For instance, Boomers Nutrition produces protein vitality for 40+ individuals. Likewise, Carbery produces Optipep-specific pre-processed protein for newborn children. Organizations like Optimum Nutrition, an auxiliary of Glanbia, are among the most conspicuous players in the market.

The wholesome business is relied upon to extend at a CAGR of 8.7% from 2019 to 2025. Fragment development is ascribed to the accessibility of items such as cases, tablets, and powders to maintain wellness and provide adjusted sustenance to muscle recuperation after physical exercises. Individuals with higher reliable actuation, like proficient muscle heads and competitors, are the fundamental purchasers of nourishing items. Organizations, for example, Gaspari Nutrition, Universal Nutrition, Dymatize, and Muscle Tech, give wholesome things.

Global Whey Protein Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

In 2018, North America represented the most significant portion of 36.3%. Nations, for example, the U.S, drive the market development because of the nearness of wellbeing cognizant shoppers who are inclined toward including extra nourishment in their everyday dinners. The pattern towards utilization of protein items in types of foods and refreshments as all-set items drives the market towards the current position. Organizations, for example, Milk Specialties and Davis Foods International, are considered the noticeable player in the market there.

Asia Pacific is relied upon to develop as the quickest evolving industry, extending at a CAGR of 9.0% over the figure time frame. Increments in mindfulness with respect to protein supplements, changes in the way of life, the high extent of sports sustenance and individual consideration, expanding admission of food enhancements, and developing populace are the key variables driving the market in the district. Shoppers are prepared to burn through cash on protein supplements as they are perfect for the expanding populace participating in sports and games.

The development of the food industry in nations like India is a crucial factor in boosting the growth of the market. Immense open doors for sports food in countries like China, Japan, and India are driving the business. For example, Glanbia structured a whey inferred pro-libra chocolates, particularly for females, in APAC that objectives fat misfortune for stable weight the executives.

KEY MARKET PLAYERS:

Major Key Players in the Global Whey Protein Market are Hilmar Cheese Company, Maple Island Inc, Glanbia, Saputo Inc, Davisco Foods International Inc, Alpavit, Fonterra Cooperative Group Ltd, Milk SpecialityGlobals, Wheyco Gmbh, Milkaut SA

RECENT HAPPENINGS IN THE MARKET:

  • To handle the lack of protein issue, MuscleBlaze has launched Biozyme Whey Isolate in the Indian market. It is created by the protein prerequisite of Indians and has been tried clinically. The tests indicated a 50 percent higher ingestion contrasted with other whey proteins with its Enhanced Absorption Formula (TM) (EAF). Biozyme Whey Isolate, which is accessible in a 2 kg pack, will be an expansion to the MuscleBlaze whey protein portfolio, being available at a severe cost.
  • The most recent move in the extending technique of Parag Milk Foods is to dispatch the new Avatar line that takes advantage of the inexorably standard intrigue of whey protein items.

 

 

 

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FAQ's

1. What are the key trends shaping the whey protein market?

Key trends shaping the whey protein market include the demand for clean-label and natural ingredients, increasing consumer preference for plant-based alternatives, product innovation focused on flavor variety and functionality, strategic partnerships and collaborations among industry players, and the rising popularity of personalized nutrition solutions.

2. What are the opportunities for growth and innovation in the whey protein market?

Opportunities for growth and innovation in the whey protein market include expanding into new application areas such as sports nutrition, clinical nutrition, and infant formula, developing value-added products with enhanced functionality and nutritional benefits, exploring emerging markets in developing countries, and investing in research and development to uncover new health benefits and applications for whey protein.

3. What are some challenges facing the whey protein industry?

Challenges facing the whey protein industry include fluctuations in raw material prices, competition from alternative protein sources, concerns regarding allergen city and intolerance, regulatory complexities, and the need for sustainable sourcing and production practices to address environmental concerns.

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